Susser Holdings Corp. and Susser Petroleum Partners LP provided partial operating results for the third quarter and first nine months of 2013.
Susser Holdings expects to report:
Same-store merchandise sales growth of approximately 3.4% for the third quarter and 3.3% for the first nine months of 2013.
Retail average per-store fuel volume growth of approximately 5.6% for the third quarter and 5.1% for the first nine months of 2013.
Susser Petroleum Partners expects to report total gallon growth between 8% to 9% for the third quarter and 6% to 6.5% for the first nine months of 2013.
New Locations Update
Susser Holdings opened 10 new large-format Stripes convenience stores during the third quarter and closed one smaller store. Through the first nine months of 2013, the company has opened a total of 20 new stores and closed three. Susser currently operates a total of 576 Stripes stores, of which 371 include a restaurant.
Susser Holdings and Susser Petroleum Partners completed sale leaseback transactions for 10 new Stripes stores during the third quarter at a total cost of $39.5 million, bringing to 30 the total number of new-build store sale leasebacks since the partnership’s initial public offering, at a cumulative cost, including final cost true-ups, of $121.0 million.
Nine new contracted sites were added in the wholesale segment in the third quarter, and five sites were discontinued, for a total of 587 contracted branded sites as of Sept. 29, consisting of 97 consignment locations and 490 other independent branded dealer contracts. Year to date, the company has added 24 new contracted sites to the wholesale segment and discontinued 16.
Earnings Conference Call
Susser Holdings and Susser Petroleum Partners will release their third quarter financial and operating results before the market opens on Wednesday, Nov. 6. In conjunction with these news releases, management will hold a combined conference call the same day at 10 a.m. Eastern Time ( 9 a.m. Central Time) to discuss both companies’ results. The call will be broadcast live over the Internet. Investors may participate either by phone or audio Webcast.
By Phone: Dial 480-629-9771 at least 10 minutes before the call. A replay will be available through November 13 by dialing 303-590-3030 and using the access code 4645491#.
By Webcast: Connect to the Webcast via the Events and Presentations pages of Susser Holdings Corporation’s Investor Relations Website at http://investor.susser.com or Susser Petroleum Partners LP’s Investor Relations Website at http://investor.susserpetroleumpartners.com. Please log in at least 10 minutes in advance to register and download any necessary software. A replay will be available shortly after the call.
Susser Holdings Corp. is a third-generation family led business based in Corpus Christi, Texas that operates over 575 convenience stores in Texas, New Mexico and Oklahoma under the Stripes banner.